I will be out of the office traveling from Wednesday, January 29th through Friday, January 31st. I will be periodically checking email and responding as necessary.
Thanks,
Dale
>>> Mike Lubrano <mlubrano@carticacapital.com> 01/31/14 07:14 >>>
Hi Amy,
Cartica's portfolio exclusively consists of emerging markets companies, almost all of which are characterized as under defined control. The majority shareholders are typically in a good position to ensure that management does not pervert the compensation-setting scheme. Accordingly, excessive or badly misaligned compensation is rarely, if ever, a problem we face. We have, however, had issues with management whose compensation was insufficiently sensitive to the long-term share performance. In such cases, we have taken the issue up with the majority shareholders, rather than the compensation committees. Might as well go to the top!
Mike
Mike Lubrano
Managing Director, Corporate Governance
Cartica Capital
Suite 800
1775 Eye Street, NW
Washington, DC 20006
+1-202-367-3011
Mobile: +1-301-335-5238
From: Amy Borrus [mailto:amy@cii.org]
Sent: Thursday, January 30, 2014 3:35 PM
To: CII's Email Discussion Group
Cc: Amy Borrus
Subject: [ciidiscussion] Voting against compensation committee directors
CII staff seeks a better understanding of what drives members' votes and what trends to anticipate for the 2014 proxy season. With that in mind: Do you expect in 2014 to withhold/vote against more compensation committee directors at companies that had poor say-on-pay results in one or more years in the past? And if so, why?
Thanks very much!
Amy
Reminder-how to post on this members-only listserv: Just send an email addressed to ciidiscussion@cii.org<mailto:ciidiscussion@cii.org> and it will be distributed automatically to all members who subscribe to the listserv.
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